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Technology Stocks : Ericsson overlook?
ERIC 9.430+1.5%3:46 PM EST
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To: Michael Speegle who wrote (1837)7/27/1998 11:20:00 AM
From: Justin Curran  Read Replies (2) of 5390
 
The earnings beat expectations but the stock is off $6+ because handset growth was nearly flat year over year while Nokia's grew 50%. Analyst's feel that Ericsson is losing market share to Nokia. Many anaylst's have dropped Ericsson to Market perform or 3-Hold from Market outperform and 1-Strong buy. The news just came out this morning but if the downgrades continue this thing could really get beat up in the next few days.
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